6-2 activity . Financial needs of stakeholders

Overview

All hospitals serve pa!ents, employ physicians and nurses, and adhere to the rules and regula!ons defined by the legal

framework for clinical services. Although nonprofit and for-profit hospitals are fundamentally similar, there are significant

cultural and opera!onal differences, such as the purpose or mission for running the hospital, strategic approaches to scale,

financial strategies, and opera!onal discipline. The culture at for-profit hospitals is business driven, and at nonprofit hospitals,

it is service driven. For balanced healthcare services, both are important.

This assignment will help you explore for-profit and nonprofit hospitals, including their purpose, strategy, and services. You

will iden!fy one for-profit hospital and one nonprofit hospital in the United States. You will conduct research and compare

these iden!fied for-profit and nonprofit hospitals to analyze the strategic similari!es and differences between these two

categories of hospitals. This assignment will prepare you for Project Two by helping you develop skills to analyze hospitals’

financial needs and their impact on health policies and laws.

Prompt

To complete this assignment, you will create an analysis report that includes a comparison table for for-profit and nonprofit

hospitals. You will research for-profit and nonprofit hospitals, collect informa!on about their financial strategies and

malprac!ce guidelines, and then compare these two categories and analyze their similari!es and differences. Then you will

summarize your analysis findings. Last, you will recommend an appropriate jus!fica!on for the need for both for-profit and

nonprofit hospitals in the U.S. healthcare system.

You are required to cite a minimum of three sources overall to support your claims. However, your submission must cite at

least two outside sources from your own research. You may cite no more than one source from the module resources in your

submission. For addi!onal help with comple!ng this assignment, refer to the Shapiro Library Guide: Nursing – Graduate item

in the Start Here module. You may also use the Online Wri!ng Center, located in the Academic Support module.

Use this hospital comparison table template to help you complete this assignment: Module Six Ac!vity For-Profit and

Nonprofit Hospital Comparison Table Template Word Document

Specifically, you must address the following:

1. Business Objec!ve: Describe the business objec!ves or purposes of for-profit and nonprofit hospitals, including their

general mission and vision. Consider the following in your response:

A. What are the core objec!ves of for-profit and nonprofit hospitals, and how do these influence their financial

needs?

B. What are the key differences in the mission and vision of for-profit and nonprofit hospitals?

2. Financial Strategy: Analyze the financial strategies of selected hospitals, explaining if their financial needs are key

influencers for their business objec!ve. Consider the following in your response:

A. How does tax status impact for-profit and nonprofit hospitals?

B. Are the financial needs of for-profit hospitals and nonprofit hospitals different?

3. Provision of Uncompensated Care: Describe the concept of provision of uncompensated care. Consider the following

in your response:

A. What is uncompensated care?

B. Is there any difference in the provision of uncompensated care in for-profit and nonprofit hospitals?

4. Liability for Malprac!ce: Analyze liability guidelines for malprac!ce and its financial impact on for-profit and nonprofit

hospitals. Consider the following in your response:

A. Are liabili!es different for for-profit and nonprofit hospitals?

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B. What is sovereign immunity law, and how does it impact liability limits for malprac!ce in for-profit and

nonprofit hospitals?

5. Recommenda!on: Using your analysis findings to support your claim, share your recommenda!on about the need for

both for-profit and nonprofit hospitals in the United States. Consider the following in your response:

A. What are the key strategic differences between for-profit and nonprofit hospitals?

B. How do the financial needs or objec!ves of for-profit and nonprofit hospitals impact the policies and laws?

C. Is there a need for both for-profit and nonprofit hospitals in the U.S. healthcare system? Share your

recommenda!on with appropriate jus!fica!on.

Guidelines for Submission

Your submission should be a 3- to 5-page Word document, including your completed comparison table from the provided

template. You must also include an APA-style !tle page. Use 12-point Times New Roman font, double spacing, and 1-inch

margins. Sources should be cited according to APA style.

Criteria Exemplary (100%) Proficient (90%) Needs

Improvement (70%) Not Evident (0%) Value

Business Objec!ve

Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language

Describes the business objec!ves or purposes of for- profit and nonprofit hospitals, including their general mission and vision

Shows progress toward proficiency, but with errors or omissions

Does not a$empt criterion

15

Financial Strategy Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language

Analyzes the financial strategies of selected hospitals with how their financial needs may be the key influencer of the business objec!ve

Shows progress toward proficiency, but with errors or omissions

Does not a$empt criterion

15

Provision of Uncompensated

Care

Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language

Describes the concept of provision of uncompensated care

Shows progress toward proficiency, but with errors or omissions

Does not a$empt criterion

15

Liability for Malprac!ce

Exceeds proficiency in an excep!onally clear and insigh#ul manner, using industry-specific language

Analyzes liability guidelines for malprac!ce and its financial impact on for-profit and nonprofit hospitals

Shows progress toward proficiency, but with errors or omissions

Does not a$empt criterion

15

Recommenda!on Exceeds proficiency in an excep!onally clear and insigh#ul

Shares recommenda!on using analysis

Shows progress toward proficiency, but with errors or

Does not a$empt criterion

15

Module Six Ac!vity Rubric

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manner, using industry-specific language

findings about the need for both for- profit and nonprofit hospitals in the United States

omissions

Ar!cula!on of Response

Exceeds proficiency in an excep!onally clear and insigh#ul manner

Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstra!ng an understanding of audience and purpose

Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, nega!vely impac!ng readability

Submission has cri!cal errors in grammar, sentence structure, and spelling, preven!ng understanding of ideas

10

Scholarly Sources Incorporates more than three scholarly, current (within the last five years) sources, including at least two outside sources, or use of sources is excep!onally insigh#ul

Incorporates three scholarly, current (within the last five years) sources, including at least two outside sources, that support claims

Incorporates fewer than three scholarly, current (within the last five years) sources, includes more than one module resource, or not all sources support claims

Does not incorporate sources

10

APA Style Formats in-text cita!ons and reference list according to APA style with no errors

Formats in-text cita!ons and reference list according to APA style with fewer than five errors

Formats in-text cita!ons and reference list according to APA style with five or more errors

Does not format intext cita!ons and reference list according to APA style

5

Total: 100%

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